{"id":541279,"date":"2026-01-13T21:52:54","date_gmt":"2026-01-13T21:52:54","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/01\/13\/yield-bearing-stablecoins-risk-dangerous-parallel-banking-system-jpmorgan-cfo\/"},"modified":"2026-01-13T21:52:54","modified_gmt":"2026-01-13T21:52:54","slug":"yield-bearing-stablecoins-risk-dangerous-parallel-banking-system-jpmorgan-cfo","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/01\/13\/yield-bearing-stablecoins-risk-dangerous-parallel-banking-system-jpmorgan-cfo\/","title":{"rendered":"Yield-bearing stablecoins risk ‘dangerous’ parallel banking system: JPMorgan CFO"},"content":{"rendered":"

\"Yield-bearing<\/p>\n

Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation.<\/p>\n

Stablecoins emerged as a topic during JPMorgan Chase\u2019s fourth-quarter earnings call on Tuesday, with executives expressing support for blockchain technology while warning that certain stablecoin designs could threaten the regulated banking system.<\/p>\n

The comments came in response to a question from Evercore analyst Glenn Schorr, who asked about stablecoins in light of recent industry lobbying<\/a> by the American Bankers Association and ongoing congressional markups related to digital asset legislation.<\/p>\n

Responding to the question, JPMorgan chief financial officer Jeremy Barnum said the bank\u2019s position aligns with the intent of the GENIUS Act<\/a>, which seeks to establish guardrails around stablecoin issuance.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation. Stablecoins emerged as a topic during JPMorgan Chase\u2019s fourth-quarter earnings call on Tuesday, with executives expressing support for blockchain technology while warning that certain stablecoin designs could threaten the regulated banking system. The comments came […]<\/p>\n","protected":false},"author":1,"featured_media":541280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-541279","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/541279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=541279"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/541279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/541280"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=541279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=541279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=541279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}